Republic of Serbia: Fourth Review Under the Stand-By Arrangement and Requests for Waiver of Non-Observance of End-March Performance Criterion and Modification of End-June Performance Criteria, and Financing Assurances Review

July 13, 2010

Preview Citation

Format: Chicago

Republic of Serbia: Fourth Review Under the Stand-By Arrangement and Requests for Waiver of Non-Observance of End-March Performance Criterion and Modification of End-June Performance Criteria, and Financing Assurances Review, (USA: International Monetary Fund, 2010) accessed December 22, 2024

Summary

Performance under the program is broadly on track. Recent economic indicators suggest that growth momentum has stalled for now, and risks to the short-term outlook have increased. Fiscal policy should continue to aim at medium-term consolidation. The agreed exit strategy from the freezes on public wages and pensions is appropriate. The gradual monetary easing strategy pursued by the National Bank of Serbia (NBS) remains appropriate. Serbia is well placed to handle possible spillovers from Greece, but close monitoring is required. The plans to restructure and privatize public enterprises are commended.

Subject: Banking, Central banks, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, International reserves, Prices

Keywords: Authority, Candidacy, Candidacy hope, CR, Eastern Europe, EU foreign ministers, Fiscal stance, Global, Inflation, Inflation expectation, International reserves, ISCR, Serbia's request, Staff appraisal

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/210
Stock No:

1SRBEA2010011
ISBN:

9781455205714
ISSN:

1934-7685

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